About CIB Egypt
CIB Egypt is a company based in Giza (Egypt) founded in 1975.. The company has 8,290 employees as of December 31, 2024. CIB Egypt has completed 2 acquisitions, including Mayfair Bank and Mayfair CIB Bank. CIB Egypt operates in a competitive market with competitors including Scotiabank, Banque Misr, Crdit Agricole Egypt, Afreximbank and Banque du Caire, among others.
- Headquarter Giza, Egypt
- Employees 8290 as on 31 Dec, 2024
- Stage Public
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Commercial International Bank - Egypt (Cib) S.A.E.
-
Annual Revenue
$0 (USD)84.47as on Dec 31, 2024
-
Net Profit
$0 (USD)92.82as on Dec 31, 2024
-
EBITDA
-
Latest Funding Round
$4.81 M (USD), Post-IPO
Aug 24, 2020
-
Investors
International Finance Corporation
& 1 more
-
Employee Count
8290
as on Dec 31, 2024
-
Investments & Acquisitions
Mayfair Bank
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of CIB Egypt
CIB Egypt is a publicly listed company on the EGX with ticker symbol COMI in Egypt, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Unlock access to complete
Unlock access to complete
Software Development Team
140 people
Data Analysis and Operations Team
37 people
Senior Team
32 people
Leadership Team
28 people
Head Team
21 people
Business Team
20 people
Product Management Team
18 people
Finance and Accounting
13 people
Unlock access to complete
Funding Insights of CIB Egypt
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $4.8M
-
First Round
First Round
(01 Jun 1997)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - CIB Egypt | Valuation |
investors |
|
| Jul, 2020 | Amount | Debt – Conventional - CIB Egypt | Valuation |
investors |
|
| Jun, 1997 | Amount | Debt – Conventional - CIB Egypt | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CIB Egypt
CIB Egypt has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include International Finance Corporation and Invesco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
IFC is focused on private sector development in emerging markets.
|
Founded Year | Domain | Location | |
|
Diversified asset management services are offered globally by Invesco.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by CIB Egypt
CIB Egypt has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Mayfair Bank and Mayfair CIB Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Commercial banking services are provided in Kenya.
|
2017 | ||||
|
Online banking platform offered for personal and business services.
|
2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - CIB Egypt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cib Egypt Comparisons
Competitors of CIB Egypt
CIB Egypt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Banque Misr, Crdit Agricole Egypt, Afreximbank and Banque du Caire, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered by Banque Misr in Egypt.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided in Egypt by this institution.
|
|
| domain | founded_year | HQ Location |
Trade finance and commercial banking services are provided across Africa.
|
|
| domain | founded_year | HQ Location |
Operates as a commercial bank, offering deposits, loans, and payment services.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cib Egypt
Frequently Asked Questions about CIB Egypt
When was CIB Egypt founded?
CIB Egypt was founded in 1975 and raised its 1st funding round 22 years after it was founded.
Where is CIB Egypt located?
CIB Egypt is headquartered in Giza, Egypt.
Who is the current CEO of CIB Egypt?
Hussein Abaza is the current CEO of CIB Egypt.
How many employees does CIB Egypt have?
As of Dec 31, 2024, the latest employee count at CIB Egypt is 8,290.
What does CIB Egypt do?
Commercial International Bank was founded in 1975 in Giza, Egypt, where it functions as the largest private sector bank. Operations center on delivering financial products and services, including consumer banking, corporate banking, investment banking, credit cards, mortgage loans, and private banking. Focus is placed on the Egyptian market, with annual revenues of 3.38 billion and net profit of 0.84 billion recorded in 2022.
Who are the top competitors of CIB Egypt?
CIB Egypt's top competitors include Scotiabank, Banque Misr and Afreximbank.
Is CIB Egypt publicly traded?
Yes, CIB Egypt is publicly traded on EGX under the ticker symbol COMI.
How many acquisitions has CIB Egypt made?
CIB Egypt has made 2 acquisitions, including Mayfair Bank, and Mayfair CIB Bank.
Who are CIB Egypt's investors?
CIB Egypt has 2 investors. Key investors include International Finance Corporation, and Invesco.
What is CIB Egypt's ticker symbol?
The ticker symbol of CIB Egypt is COMI on EGX.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.